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並前往https://risk.edhec.edu/sites/risk/files/EDHEC_Working_Paper_Direct_and_Indirect_Effects_of_Index_ETFs.pdf

Direct and Indirect Effects of Index ETFs on Spot-Futures ...

to the CAC 40 index, we do not find that the spot-futures price efficiency ... The trading of futures contracts on the CAC 40 index (ticker FCE) takes place ...

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